BOC-SYSTEM
ActiveSummary
The computed 12-month bankruptcy probability of BOC-SYSTEM is 2.5% (moderate). The 2024 annual accounts show equity of €112,817 and a net result of €8,036. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 36380 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+5
Solvency60=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.32 against 1.68 in 2023; short-term debt: 19.4% and cash: 8.5% of total assets), but 65.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.6%
Return on assets
2.5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
131 d late
2023
95 d late
2022
on the day
2021
31 d late
2020
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€112,817▲ 7.7%
2023 · €104,781
Total assets
€325,972▲ 7.8%
2023 · €302,378
Net result
€8,036
2023 · -€1,790
Working capital
€83,702▲ 55.5%
2023 · €53,819
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€64,618-€40,294▼ 37.6%€36,541▼ 9.3%€1,446▼ 96.0%€14,285▲ 888%
Net result€45,646above the sector's middle half-€28,369above the sector's middle half▼ 37.8%€29,555above the sector's middle half▲ 4.2%-€1,790below the sector's middle half€8,036within the sector's middle half
Equity€48,646within the sector's middle half-€77,016within the sector's middle half▲ 58.3%€106,571within the sector's middle half▲ 38.4%€104,781within the sector's middle half▼ 1.7%€112,817within the sector's middle half▲ 7.7%
Total assets€172,357within the sector's middle half-€218,641within the sector's middle half▲ 26.9%€380,213above the sector's middle half▲ 73.9%€302,378above the sector's middle half▼ 20.5%€325,972above the sector's middle half▲ 7.8%
Debt€123,710-€141,625▲ 14.5%€273,642▲ 93.2%€197,597▼ 27.8%€213,155▲ 7.9%
Working capital€30,104-€78,268▲ 160%€64,652▼ 17.4%€53,819▼ 16.8%€83,702▲ 55.5%
Solvency28.2%within the sector's middle half-35.2%within the sector's middle half▲ 7.0pp28.0%within the sector's middle half▼ 7.2pp34.7%within the sector's middle half▲ 6.6pp34.6%within the sector's middle half=
Staff (FTE)0.8below the sector's middle half-1.7▲ 113%1▼ 41.2%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 888% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €325,972
Fixed assets
€179,090 ▲ 5.5%
Current assets
€146,882 ▲ 10.7%
Equity and liabilities €325,972
Equity
€112,817 ▲ 7.7%
Debt
€213,155 ▲ 7.9%
Debt's share of the balance-sheet total stays at 65.4%.
Key figures and ratios
EBITDA
€35,573▲
2023 · €19,031
Cash flow
€29,324▲
2023 · €15,795
Current ratio
2.32▲
2023 · 1.68
Quick ratio
1.45▲
2023 · 0.99
Debt to equity
1.89▲
2023 · 1.89
ROE
7.1%▲
2023 · -1.7%
ROA
2.5%▲
2023 · -0.6%
Interest coverage
7.87▲
2023 · 5.88
Debt ≤ 1 year
€63,180▼
2023 · €78,849
Debt > 1 year
€149,969▲
2023 · €118,675
Income taxes
€1,829
Staff costs
€885▼
2023 · €46,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €20,751 | €23,403 | €46,549 | €885 | ▼ 98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,733 | €10,931 | €11,739 | €17,585 | €21,288 | ▲ 21.1% |
| Other operating charges640/8 | - | - | €109 | €128 | €20 | ▼ 84.4% |
| Gross operating margin9900 | €84,221 | €71,976 | €71,792 | €65,708 | €36,478 | ▼ 44.5% |
| Operating profit (loss)9901 | €64,618 | €40,294 | €36,541 | €1,446 | €14,285 | ▲ 888% |
| Financial income75/76B | - | €116 | €1,744 | €2 | €98 | ▲ 4,800% |
| Recurring financial income75 | €46 | €116 | €1,744 | €2 | €98 | ▲ 4,800% |
| Financial charges65/66B | - | €2,581 | €3,639 | €3,238 | €4,518 | ▲ 39.5% |
| Recurring financial charges65 | €1,880 | €2,551 | €3,617 | €3,238 | €4,518 | ▲ 39.5% |
| Non-recurring financial charges66B | - | €31 | €22 | - | - | - |
| Profit (loss) for the period before taxes9903 | €62,760 | €37,828 | €34,645 | -€1,790 | €9,865 | ▲ 651% |
| Income taxes67/77 | €17,114 | €9,459 | €5,090 | - | €1,829 | - |
| Profit (loss) for the period9904 | €45,646 | €28,369 | €29,555 | -€1,790 | €8,036 | ▲ 549% |
| Profit (loss) for the period to be appropriated9905 | €45,646 | €28,369 | €29,555 | -€1,790 | €8,036 | ▲ 549% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172,357 | €218,641 | €380,213 | €302,378 | €325,972 | ▲ 7.8% |
| Fixed assets21/28 | €35,825 | €48,466 | €147,484 | €169,710 | €179,090 | ▲ 5.5% |
| Intangible fixed assets21 | €13,500 | €12,000 | €10,500 | €9,000 | €7,500 | ▼ 16.7% |
| Tangible fixed assets22/27 | €22,325 | €36,466 | €136,078 | €159,804 | €170,684 | ▲ 6.8% |
| Plant, machinery and equipment23 | - | €13,033 | €9,860 | €5,149 | €28,244 | ▲ 449% |
| Furniture and vehicles24 | - | €8,576 | €10,289 | €8,796 | €6,869 | ▼ 21.9% |
| Other tangible fixed assets26 | - | €14,856 | €115,929 | €145,859 | €135,571 | ▼ 7.1% |
| Financial fixed assets28 | - | - | €906 | €906 | €906 | = |
| Current assets29/58 | €136,532 | €170,176 | €232,729 | €132,668 | €146,882 | ▲ 10.7% |
| Stocks and contracts in progress3 | - | €47,559 | €57,266 | €54,994 | €54,994 | = |
| Stocks30/36 | - | €10,266 | €15,712 | €13,440 | €13,440 | = |
| Contracts in progress37 | - | €37,293 | €41,554 | €41,554 | €41,554 | = |
| Amounts receivable within one year40/41 | €113,773 | €105,670 | €167,708 | €74,918 | €63,784 | ▼ 14.9% |
| Trade receivables40 | - | €80,214 | €131,764 | €39,806 | €32,261 | ▼ 19.0% |
| Other amounts receivable41 | - | €25,455 | €35,944 | €35,112 | €31,523 | ▼ 10.2% |
| Cash at bank and in hand54/58 | €22,090 | €14,974 | €4,750 | €27 | €27,656 | ▲ 102,330% |
| Deferred charges and accrued income490/1 | - | €1,974 | €3,005 | €2,729 | €448 | ▼ 83.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172,357 | €218,641 | €380,213 | €302,378 | €325,972 | ▲ 7.8% |
| Equity10/15 | €48,646 | €77,016 | €106,571 | €104,781 | €112,817 | ▲ 7.7% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €45,646 | €74,016 | €103,571 | €103,571 | €109,817 | ▲ 6.0% |
| Distributable reserves133 | - | €74,016 | €103,571 | €103,571 | €109,817 | ▲ 6.0% |
| Profit (loss) carried forward14 | - | - | - | -€1,790 | - | - |
| Amounts payable17/49 | €123,710 | €141,625 | €273,642 | €197,597 | €213,155 | ▲ 7.9% |
| Amounts payable after more than one year17 | €17,282 | €49,718 | €105,492 | €118,675 | €149,969 | ▲ 26.4% |
| Financial debts170/4 | - | €49,718 | €105,492 | €118,675 | €149,969 | ▲ 26.4% |
| Amounts payable within one year42/48 | €106,428 | €91,907 | €168,077 | €78,849 | €63,180 | ▼ 19.9% |
| Current portion of amounts payable after more than one year42 | - | €12,544 | €15,993 | €25,669 | €26,732 | ▲ 4.1% |
| Financial debts43 | - | - | - | €421 | - | - |
| Credit institutions430/8 | - | - | - | €421 | - | - |
| Trade debts44 | €50,145 | €38,087 | €141,102 | €49,942 | €31,124 | ▼ 37.7% |
| Suppliers440/4 | - | €38,087 | €141,102 | €49,942 | €31,124 | ▼ 37.7% |
| Taxes, remuneration and social security45 | - | €18,340 | €10,982 | €2,817 | €5,324 | ▲ 89.0% |
| Taxes450/3 | - | €15,226 | €5,705 | €1,964 | €5,324 | ▲ 171% |
| Remuneration and social security454/9 | - | €3,113 | €5,277 | €853 | - | - |
| Other amounts payable47/48 | - | €22,936 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €73 | €73 | €6 | ▼ 91.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,646 | €28,369 | €29,555 | -€1,790 | €8,036 | ▲ 549% |
| + Depreciation and write-downs630 | €7,733 | €10,931 | €11,739 | €17,585 | €21,288 | ▲ 21.1% |
| Operating cash flow (approximation) | €53,379 | €39,300 | €41,294 | €15,795 | €29,324 | ▲ 85.7% |
| Investment in fixed assets (approximation) | - | -€23,572 | -€110,757 | -€39,811 | -€30,668 | ▲ 23.0% |
| Change in cash | - | -€7,116 | -€10,224 | -€4,723 | €27,629 | ▲ 685% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 131 days late
2024
31-12
Financial
Back to profitnet €8,036
Net result €8,036 after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 95 days late
2023
31-12
Financial
Weakest financial yearnet -€1,790
Net result drops to -€1,790, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €106,571 ▲38.4%
3 profitable years in a row build equity to €106,571.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gerpinnes · 1 establishment unit since 2020
Ground area
4,730 m²
Building footprint
356 m²
Volume, LiDAR
2,663 m³
2 parcels, Wallonia · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BOC-SYSTEM
since 20202.300.448.139
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92087H0231/00Z000 | Wallonia | 3,193 m² | 1 · 195 m² | 16.3 m · 5 fl. |
| 52041A0122/00S003 | Wallonia | 1,537 m² | 1 · 161 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,216 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
16230Manufacture of other builders' carpentry and joinery
25120Manufacture of fabricated metal products, except machinery and equipment
43120Site preparation
43320Joinery installation
43410Roofing work
Contact
E-mail
info@boc-system.be
Phone
+32475470830
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743540236
Also
9925:BE0743540236
Registered
29-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.